Chesterton Humberts

Chesterton Humberts have recently agreed the letting of Unit 6b and 10d at Ilton Business Park, Ilton, nr Ilminster on behalf of their clients. Unit 6b provided a warehouse unit with roller shutter door and office accommodation with a gross internal area of 154.64 sq m (1,664 sq ft). The unit was available at a quoting rent of £8,840 per annum plus VAT. Unit 10d is the smallest workshop on the site extending to 46.83 sq m (503 sq ft) and was available at a quoting rent of £2,080 per annum plus VAT.

Stephen Richards of Chesterton Humberts comments “We have seen an increase in demand for smaller industrial units in the last few months from new start up businesses. Ilton Business Park offers a range of industrial units at competitive rents and has easy assess onto the A358 Taunton to Ilminster road which links to the M5 motorway at junction 25 (Taunton) and the A303, which is a draw for the majority of the potential occupiers”.

FHP Property Consultants are delighted to announce that full occupancy has been achieved at Morris Court in Colwick, a range of light industrial units constructed in 2007 providing units ideal for local small to medium sized businesses.

Two of the final units have been leased by Portal Systems UK Limited and Gedling Homes and there are now no further vacancies onsite.

Mark Tomlinson of FHP Property Consultants commented: –

“This positive trend which we were seeing towards the end of last year has continued into 2014 and in the Colwick area has really benefitted from an increase in confidence among local SME’s. Last year in the Colwick area alone we completed 10 deals achieving full occupancy on City Business Park and 10 Great Northern Way respectively in the process, Morris Court is the latest estate to achieve full occupancy.

There is now a serious lack of modern industrial units to rent in the Colwick area of Nottingham or further afield for that matter to service the local market.”

Chesterton Humberts have recently agreed the sale of Units 4 and 5 Fideoak Mill, Fideoak, near Bishops Hull on the edge of Taunton. Units 4 and 5 were occupied as one unit and had a gross internal area of 247.19 sq m (2,659 sq ft) and were available at a guide price of £119,950 for the freehold interest. The property was subject to a lease to JM Autos at a rent of £13,000 per annum with the lease expiring on 6 April 2021.

Stephen Richards of Chesterton Humberts comments “We have received strong interest for the units at Fideoak Mill since bringing them to the market and have recently sold three investment properties after competitive bidding”.

Chesterton Humberts have recently agreed the sale of Unit 6 Fideoak Mill, Fideoak, near Bishops Hull on the edge of Taunton. Unit 6 had a gross internal area of 121.85 sq m (1,311 sq ft) and was subject to a lease at a rent of £6,500 per annum with 2 years unexpired on the term. The unit was available at a guide price of £64,950 for the freehold interest.

Chesterton Humberts are currently marketing Unit 3 at a guide price of £149,950 for the freehold interest. The unit extends to 309.03 sq m (3,325 sq ft) and is currently let at a rent of £17,160 per annum and has 7 years unexpired on the term.

Stephen Richards of Chesterton Humberts comments “We have seen an increase in demand for investment properties in the last 6 months as the market is improving. The lot sizes at Fideoak Mill are extremely competitive and manageable for many first time and local investors”.

Chesterton Humberts have agreed the letting of 13c New Street within Honiton town centre. The first floor office suite was self contained with its own kitchen and toilet facilities and was available to rent at a quoting rent of £7,950 per annum. The suite had its own entrance off New Street and had a net internal area of 90.88 sq m (978 sq ft) and was available by way of a new lease.

Stephen Richards of Chesterton Humberts comments “We are pleased that we have been able to agree a quick letting of the above office premises to a national company which will bring further employment to the town. There has been an increase in demand for commercial premises with East Devon over the last quarter, which is hopefully a sign of the market improving”.

Chesterton Humberts have recently agreed the sale of Relish, 17 High Street, within Taunton, Somerset. The business for sale at a guide of £20,000 for the successful cafe business within the main retailing area of the town. The business previously had gross turnover of £48,207 from a morning and lunchtime trade. The cafe was furnished and had room for approximately 12/16 covers plus a pavement licence providing a further 12 covers. The property was available by way of an assignment of the current lease with 5 years unexpired with a passing rent of £9,500 per annum.

Stephen Richards of Chesterton Humberts comments “We are pleased that we have been able to agree the sale of the business on behalf of our clients and we received strong interest for the business as soon as it came to the market. There are high levels of demand for small businesses of this type within the market at this present time”.

Chesterton Humberts have recently agreed the letting of Unit 3 Apple Business Centre, Frobisher Way, Taunton on behalf of their client. The mid terraced industrial unit was available at a quoting rent of £5,950 per annum and had a gross internal area of 47.86 sq m (515 sq ft) plus a mezzanine floor of 27.83 sq m (300 sq ft). The unit included WC facilities and outside had parking for 2/3 vehicles.

Stephen Richards of Chesterton Humberts comments “There are high levels of demand for small industrial units within the town at present and we had several under bidders that were disappointed that they were unable to take the unit due to the lack of availability at this time”.

Chesterton Humberts have recently agreed the letting of Unit 1A, Plot 5, Millfield Industrial Estate, Chard, Somerset on behalf of their clients. The end of terrace industrial unit had a gross internal area of 192.51 sq m (2,071 sq ft) and included a two storey office block of 50 sq m (540 sq ft) with WC and kitchen facilities. The unit was available at a quoting rent of £12,000 per annum.

Stephen Richards of Chesterton Humberts comments “We received strong interest for the industrial unit as soon as we brought it to the market and recently we have received numerous enquiries whilst the property has been under offer to the new tenant, which have just taken occupation. There seems to be an increase in demand for industrial space at this time which is hopefully a sign of an improving economy”.

Chesterton Humberts have recently agreed the sale of Trident House, 5 Lower Middle Street, Taunton on behalf of a fixed charge receivers. The property was sold off market after competitive bidding due to the demand for investments at this time.

Stephen Richards of Chesterton Humberts comments “The commercial market for investments is extremely active at present. With smaller investments with a lot size of below £250,000 being extremely popular within the current market. Recently Chesterton Humberts have sold three investments within Taunton town centre and each of the properties have been sold after competitive bidding”.

Chesterton Humberts have just agreed the letting of Units 4A and 4B Millwey Rise Industrial Estate, Weycroft Avenue, on the edge of Axminster. The end of terrace industrial unit with warehouse and showroom/offices had a gross internal area of 179.63 sq m (1,952 sq ft) plus a mezzanine of 99.58 sq m (1,071 sq ft) and was available to let at a quoting rent of £9,950 per annum.

Stephen Richards of Chesterton Humberts comments “The Millwey Rise Industrial Estate is a popular location on the edge of the town of Axminster and we received several offers from tenants before agreeing a letting”.

Chesterton Humberts report that there has been an increase in demand within East Devon for industrial units and commercial premises including shops and offices, which is hopefully a sign of the market improving.